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Insurers wary of agriculture insurance

August 23, 2010  Filed under Business, News

Insurers wary of agriculture insuranceLookAtVietnam - Though Vietnam is an agricultural country with 70 percent of its population living in rural areas, agriculture insurance has not developed. Phung Dac Loc, Secretary General of the Vietnam Insurance Association, talks about the issue. Thoi Bao Kinh Te Saigon: Could you please tell us about the proportion of agriculture insurance in the...

Buyers ignore Government bonds

August 23, 2010  Filed under Business, News

Buyers ignore Government bondsLookAtVietnam - The Government bond interest rate seems to have bottomed out when it dropped to 9.8 percent for three year term bonds at the bidding held on July 29, 2010. Analysts say the interest rate was so low that it cannot be lowered. According to the Hanoi Stock Exchange, the volume of three-year bonds that institutions registered to buy was...

Aviation market: is there space for newcomers?

August 23, 2010  Filed under Business, News

Aviation market: is there space for newcomers?The news that Air Mekong will officially join the domestic aviation market in October 2010 is really remarkable information for both air carriers and travel firms. VietNamNet Bridge – The news that Air Mekong will officially join the domestic aviation market in October 2010 with a fleet of four aircraft is really remarkable information for both air carriers...

Apartment buyers feel sick watching dollar rise

August 23, 2010  Filed under Business, News

Apartment buyers feel sick watching dollar riseLookAtVietnam – The sharp dollar increase to 19,500 dong has made apartment buyers suffer LookAtVietnam - The sharp dollar increase to 19,500 dong has made apartment buyers suffer, as the apartment are now much more expensive in dong. Real estate analysts note that the dollar price hike has made investment in apartments less attractive. Trong Son,...

Vietnamese manufacturers called ‘still clueless’ about consumer taste

August 23, 2010  Filed under Business, News

Vietnamese manufacturers called ‘still clueless’ about consumer tasteLookAtVietnam – Lots of reasons are offered to explain why Vietnamese goods don’t sell well at home. LookAtVietnam - Lots of reasons are offered to explain why Vietnamese goods don’t sell well at home. The fundamental problem may be a disconnect between what companies offer and what consumers want. Overseas Vietnamese could be ambassadors for Vietnamese...

Crop insurance market needs a boost

August 22, 2010  Filed under Business, News

Crop insurance market needs a boostVietnam is among the top 10 countries facing the most natural disasters in the world. However, crop insurance has not yet been developed to benefit farmers. LookAtVietnam - Vietnam, where 70 percent of the population earns a living in agriculture, is among the top 10 countries facing the most natural disasters in the world. However, crop insurance...

Catfish breeders in troubled waters despite export surge

August 22, 2010  Filed under Business, News

Catfish breeders in troubled waters despite export surgeExports of tra catfish have risen since early this year, but many breeders in the Mekong Delta are on the verge of bankruptcy.  LookAtVietnam - Exports of the tra catfish have risen since early this year, but many breeders in the Mekong Delta are on the verge of bankruptcy as they’ve had to sell the fish at below breeding costs.  ...

Businesses struggle as dollar gets more expensive

August 22, 2010  Filed under Business, News

Businesses struggle as dollar gets more expensiveFollowing the State Bank of Vietnam’s decision to devalue the dong against the US dollar, many companies have complained they cannot keep their selling prices unchanged and maintain profits.  LookAtVietnam - Following the State Bank of Vietnam’s decision to devalue the dong against the US dollar by two percent, many companies in Ho...

Dollar rise squeezes importers

August 20, 2010  Filed under Business, News

Dollar rise squeezes importersLookAtVietnam – The unexpected decision by the central bank to devalue the dong by two percent has importers stewing. LookAtVietnam - The unexpected decision by the central bank to devalue the dong by two percent has importers stewing. On August 18, the day after the State Bank announced a new interbank loan rate, effectively devaluing the dong by...

Pundits foresee more weakness for the dong

August 20, 2010  Filed under Business, News

Pundits foresee more weakness for the dongThe world press has paid considerable attention to the State Bank of Vietnam’s latest adjustment of the dong/dollar interbank exchange rate. LookAtVietnam - The world press has paid considerable attention to the State Bank of Vietnam’s latest adjustment of the dong/dollar interbank exchange rate. Most commentators predict that the two percent dong depreciation...